US-based oil and natural gas company ConocoPhillips has made a Final Investment Decision (FID) for the Willow project in Alaska, an oil drilling project on the North Slope of Alaska. The project includes the construction and operation of up to five drill pads for a total of 250 oil wells, along with associated infrastructure. The FID approves the project and funding for construction needed to achieve the first oil. The Willow project is expected to produce around 600 million barrels throughout its lifetime, reducing America’s dependence on foreign energy supplies. The construction will create over 2,500 construction jobs and around 300 long-term jobs.

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